This document outlines 5 essential steps to controlling complex expenditures: 1) gain visibility into spending by deploying a cloud platform to capture transaction data, 2) get control by centralizing purchasing and standardizing demand, 3) deliver savings by leveraging spending volumes, competitive bidding, and minimizing waste, 4) improve efficiencies by automating processes and streamlining the supply chain, and 5) add more value by reducing time to market and focusing on business goals. A case study shows a global pharma company achieved 22% cost savings in the first year by following these steps.

1. 5 Essential Stepsto
Controllingyour Complex Expenditure

2. How much do you spend
on complex products and services?
Such as:
• marketing services
• print & packaging
• signage & exhibitions
• uniforms & apparel
• office supplies
• gifts & premiums

3. How much did you spend today?
How much did you spend today…
…across your business…
…on complex products
& services…
…locally, nationally
or globally?

4. Are you a victim of the manual menace?
80% of businesses use online search, phone & email to source complex products & services

5. Results: Lack of Visibility & Control
Who do we buy from?
Are we getting value for money?
Who is buying what?
How much do we spend?
How can we save money?
We need data to make better decisions!

6. Why Fix this Problem?
Because its >20%
of your expenditure

7. 5 Steps to Controlling Your
Complex Expenditure
Gain visibility Get control Deliver savings
Improve efficiency Add more value

8. 1. Gain visibility
Deploy an easy to use cloud spend management platform Drive adoption & usage across categories & businesses Capture line item data for every transaction
a
b
c
✔

9. 2. Get Control
Centrally control localized buying Standardize & aggregate demand Consolidate & rationalize supply
a
b
c
✔

10. 3. Deliver Savings
Leverage commodity spend for volume discounts Increase competitive bidding for custom spend Minimize errors, waste & obsolescence
a
b
c
✔

11. 4. Improve Efficiencies
Automate source-to-settle processes Streamline across supply chain
Release experts from admin to add value
a
b
c
✔

12. 5. Add More Value
Reduce time to market Focus on business goals
Improve customer satisfaction & supplier alignment
a
b
c
✔

13. Global Pharma: Case Study
Yr1: 22% Cost Saving
Visibility & Control
Deploy cloud spend Management platform
Drive Adoption & Capture transactional data
Centrally control spend
Commoditize & compete for custom spend
Yr2:
Savings & Efficiencies
Leverage demand Consolidate Supply Minimize waste
Yr3:
Add More Value
Reduce time to market Streamline source-to-settle process
Monitor live data

14. About Claritum
Cloud spend management platform
Specializing in frequently ordered, low cost products & services
150,000 users in 35 countries rely on Claritum to manage US$200m expenditure per year

15. So what’s next?
Click Here to Download the White Paper: Gain Visibility & Control of Your Complex Expenditure
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Personalized Demo
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16. Thank You Find out more at: www.claritum.com
James Samuels, Founder & CEO, Claritum